DONALD S. HENDEL, LLC
  • Welcome
  • Practice Areas
    • HIgh Net Worth Estate Planning
    • Wealth Preservation Trust
    • Asset Protection
    • Estate Tax Planning >
      • Terms
    • Probate & Estate Administration
    • Business Law
    • Business Succession Planning
  • About Us
  • Blog
  • Contact Us
  • Client Forms

Current
​news

Sen. Sanders Introduces Estate Tax Act

2/1/2019

0 Comments

 
February 1, 2019.  Sen. Bernie Sanders of Vermont has introduced legislation that would reform the federal estate tax.  Currently, an individual is entitled to a combined lifetime gift and estate tax exemption of $11,400,000.  The federal tax is 40% on gifts and estates that exceed this threshold.
​

Sen. Sanders’ bill would reduce the combined lifetime gift and estate tax exemption to $3,500,000.  It would impose a 45% tax on the value of an estate between $3,500,000 and $10,000,000, a 50% tax on the value of an estate between $10,000,000 and $50,000,000; a 55% tax on the value of an estate between $50,000,000 and $1,000,000,000, and a 77% tax on the value of an estate above $1,000,000,000.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Mr. Hendel has been practicing wealth preservation planning for over thirty -five years. ​

    Archives

    December 2020
    April 2020
    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    May 2018
    November 2017
    October 2017
    July 2017
    May 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    August 2016
    November 2015
    March 2015
    August 2013
    January 2012

    Categories

    All
    Awards
    Blog
    Business Planning
    Estate Planning
    Life Insurance
    News
    Tax Planning
    Updates
    Wills And Trusts

    RSS Feed

(203) 234-6321

© 2017 Donald S. Hendel, LLC 
Disclaimer 

315 Highland Avenue, Suite 101
Cheshire
, CT 06410

Phone: 203.234.6321 
​Donald S. Hendel, LLC serves clients throughout New York and Connecticut including Manhattan, Long Island, Westchester County, New Haven County, Fairfield County, and Litchfield County.
Overview | High Net Worth Estate Planning | Wealth Preservation Trusts | Basic Estate Planning Terms | Asset Protection | Estate Tax Planning | Probate / Estate Administration | Business Law | Business Succession Planning | Recent News | About Us
  • Welcome
  • Practice Areas
    • HIgh Net Worth Estate Planning
    • Wealth Preservation Trust
    • Asset Protection
    • Estate Tax Planning >
      • Terms
    • Probate & Estate Administration
    • Business Law
    • Business Succession Planning
  • About Us
  • Blog
  • Contact Us
  • Client Forms